Colne manager Nigel Coates has stepped down after 10 years in the job.
The club wishes to thank him for his services and express their appreciation of his efforts over that time.
Dixon Lambert and Steve Pickup have taken over as caretaker managers of the first team.
Coates guided the club to the North West Counties League Second Division title in 2003/04, adding the Second Division Cup and reaching the FA Vase semi-finals that season, and has regularly steered the side to top 10 finishes in the top flight.
Coates made the decision before the Reds lost their LFA Challenge Trophy derby at his former club Nelson 4-3 in injury time on Wednesday night.
Nelson snatched a dramatic victory at Victoria Park after Colne led 3-1 and looked on course for a comfortable win.
The Blues took the lead after only two minutes when Peter Wright curled a free kick just inside the near post.
After 14 minutes, Colne drew level when Ed O’Neill’s penetrating run created the chance for Jason Hart to beat Nelson keeper Ben Woodhead with a low shot into the far corner of the net.
Colne began to boss midfield, though the Blues looked dangerous on the break.
Just before the interval, O’Neill linked with Ed Williams, whose cross from the right was forced home by Steve Cassidy to give the Reds a 2-1 lead.
As the second half began, another powerful run by O’Neill gave Hart the chance to fire a shot inside the post to stretch Colne’s lead to 3-1.
Just after the hour, Wright supplied a low cross into the area for former Red Ben Hoskin to slot home a precise finish into the bottom corner.
Nelson began to look the more dangerous, and three minutes from time, a long diagonal ball released Richie Allen and he outpaced the Colne defence before firing in the equaliser.
In time added on, Nelson again pressed forward and Allen fired in the winner in a goalmouth scramble.
Nelson drew 2-2 with Northwich Flixton Villa on Saturday, gaining ground on Hanley Town, who lost 3-0 at home to Ashton Town.
The Blues twice led, Richie Allen firing them ahead after six minutes with his 11th of the season after a corner wasn’t cleared.
Two minutes later a long free kick wasn’t dealt with and Abubakar Sheego beat ben Woodhead.
Nelson went back in front on 20 minutes when Peter Wright joined Allen on 11 goals, again from a corner.
However, with a minute remaining, Matt Greenwood netted the equaliser.
Nelson are at Jarrow Roofing in the FA Vase tomorrow, kick-off 3 p.m.
Colne travel to Alsager on Saturday and host Abbey Hey on Wednesday evening, with a 7-45 p.m. kick-off.